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Cryptocurrencies have a range of different target markets; while cryptocurrencies like Bitcoin (BTC) have aimed their sights at creating a method for value transfer through digital forms, other cryptocurrencies like Ethereum (ETH) have looked to provide a framework for developers, companies, and applications to build a more easy and cost-efficient development infrastructure. Quantum [QTUM], is a cryptocurrency that looks to bridge these particular two niches while opening up a framework for mobile applications as well. This guide will overview how to buy Quantum, the easiest exchanges to access relative to your location, and an explanation as to why Quantum is unique within the cryptocurrency/blockchain community.
Quantum was created from the initial code base of Bitcoin core but maintains qualities that are similar to Ethereum, like the ability to create decentralized applications. Quantum is a cryptocurrency, which means it can be sent, received, and confirmed/settled by different parties within a matter of just a few seconds. Using Quantum can prove monumentally beneficial, however, buying QTUM can at first seem complex. We’ll walk you through the ins and outs of making a legitimate Quantum purchase while mitigating any traditionally-made beginner mistakes.
Compare Exchanges to Buy Quantum (QTUM)
Quantum, referenced by the ticker symbol of ‘$QTUM’ on a plethora of exchanges, is an open sourced cryptocurrency that blends two major benefactors of Bitcoin and Ethereum into a singular entity. Quantum is a form of code that is valued by the markets, that can be sent and received to anyone in the world and be confirmed and settled within just a few moments.
The QTUM cryptocurrency runs on the Quantum blockchain and is a part of the overall ‘Quantum’ ecosystem. Quantum’s main goal as a cryptocurrency is to blend the major benefactors that were accomplished by Bitcoin and Ethereum while mitigating the downsides that both of these cryptocurrencies have fallen susceptible to. Quantum’s aimed features are explicitly defined as extracting Bitcoin’s focus and efficiency in looking to transfer value to anyone else in the world and have it confirmed and settled within just a moment’s notice. Quantum also seeks to build upon the concept of Ethereum’s blockchain infrastructure/platform by enabling a blockchain development environment for enterprises, companies, and institutions alike.
Quantum maintains its own smart contract development structure very similar to how Ethereum, TRON, and EOS have. The environment is fairly complex, and for beginners, this type of information isn’t necessary to understand if you’re simply looking to buy Quantum and use it for its efficiency. Quantum maintains an environment that enables basic users as well as companies or institutions to extract efficiency from using Quantum, something that makes it unique apart from other cryptocurrencies.
QTUM enables what it calls an ‘Additional Application Layer’, which is defined as a transparent layer of sorts that helps to build upon the environment as it evolves. Having this level of adaptability and moldability is very useful as a cryptocurrency, and even as a prospective investment. With this level of sophistication in mind, Quantum has the potential to be a useful and widely integrated cryptocurrency if it maintains the amount of evolution that it has so far. Quantum is built on a unique blockchain protocol, which means it’s not the exact as far as technicality wise as Bitcoin or Ethereum, however, it’s underlying infrastructure makes it a prospective competitor for the aforementioned. Quantum has a higher throughput (Meaning that it is technically faster) than both Bitcoin and Ethereum.[/su_note]
How to buy Quantum
Buying cryptocurrencies on Binance has become easier and easier as the market has continually progressed, and buying Quantum on the exchange can be done regardless of your level of experience in the blockchain community. Binance is a crypto-exclusive exchange that offers the sale of a variety of different cryptocurrencies paired to a plethora of different base currencies. Binance has maintained a level of security and reliability throughout the years due to its ability to counter incoming attacks, maintain transparency with the team, and keep actively improving and updating features and tools on the site.
Buying Quantum (QTUM) on Binance is a quick and easy process. To get started, make sure you have a valid and accessible email address, a funding method or pre-purchased cryptocurrency that is able for deposit on Binance, and a reliable internet connection. If so, follow this guide on purchasing Quantum on the Binance exchange.
Register for An Account
In order to buy Quantum on Binance, we first need to register for an account. To do this, you’ll need a valid email; head to Binance’s homepage and at the top-right section of your screen, you should see the ‘Log In/Register’ option. Click on this and select the ‘Register’ button, which will prompt a new input form. Here, you’ll have to input your email as well as a secure password. Ensure you have access to the email and that the password is complex and that you don’t share it with anyone. The registration screen will look as follows:
Once you’ve entered the required information, go to your main email and check for the verification email that has been sent to you. Click on the link in the email, which will redirect you to a new login page. Login to your newly created account on this page and you’ll then be able to access the exchange’s basic features and use the site.
Secure Your Account
Once you’ve verified your account by clicking on the verification email that was sent to you, your account will be fully functional, however, we recommend adding an additional layer of security through either the Google Authenticator app, or linking an alternative email to Binance. This will not only protected your linked deposit methods and deposited funds but will also protect any Quantum that you purchase.
Both of these can be done by going to your Binance account page (Top-right of the navigation bar, click on ‘Account’). Once here, find the ‘Account Security and Preferences’ tab. Here, you’ll have the option to link a second method of authorization, particularly through the Authenticator app.
Google Authenticator is a third party application that gives you secure authorization to any other supported site. To enable Authenticator for Binance, on the tab we instructed, click ‘Enable Google Authentication’. Then click ‘Next’, and a QR code will be shown. Once this is done, go to your phone and download the ‘Google Authenticator’ app – the application is available for both iPhone’s and Androids. Once downloaded, click on the plus sign in the application (Top-right corner). This will then bring up a camera which will ask you to take a picture of the QR code you’re scanning. Scan the code that we just generated on Binance.
As shown in the image below, your QR code will look similar to this:Credit: Binance Support
Once added, you’ll be able to see on your application that ‘Binance’ has its own respective tab. Every few seconds, a new code is generated; this is your 2FA code. Use this for logging in, withdrawing, or any other 2FA protected instance on Binance. Additionally, save the backup codes that Binance generates for you as shown in the image above.
Deposit Funds for Purchasing Quantum
The next step in purchasing Quantum after you’ve enabled a second method of authorization via Google Authenticator app (Or any other alternative that you chose), is to deposit or purchase funds to Binance that you’re going to use to purchase Quantum. There are two ways to do this on Binance; you can deposit pre-purchased cryptocurrency and swap that currency into a paired currency with Quantum, or you can purchase a base cryptocurrency that is paired to Quantum via credit card on Binance and then use that base cryptocurrency to swap for Quantum (Via a ‘QTUM/BTC’ or relative pair).
The first method we’ll review is depositing a cryptocurrency we’ve already pre-purchased from a different exchange and swap it for Quantum. In this case, after you’ve signed in go to the ‘Funds’ tab in the top-right of the screen and on the drop-down menu you should see ‘Deposit’. Click on this tab; it will redirect you to a new page where you’ll have the capability to select from a list of different cryptocurrencies to deposit. In this case, let’s assume we’ve purchased Litecoin from a different exchange and have it in a different wallet but want to buy Quantum on Binance. In this case, look for ‘Litecoin’ from the search bar and click on ‘Deposit’. A screen similar to the one below will appear:
In this case, Binance will then generate a new address for us where we can exclusively deposit Litecoin (Nothing else) to. This address is unique to yourself, so in the image above, the address has been whited out. Send the Litecoin from wherever you’re currently holding it to your newly generated address. Once the Litecoin is confirmed in your account, you’ll be able to refresh the page and see you now have available funds to use.
In this case, we’re going to exchange our Litecoin for a Quantum supported pair, which will most likely be Bitcoin, which is what we’ll do in the next set of events.
Alternatively, you can also deposit fiat funds directly to Binance by using a credit card. Binance is partnered with the platform Simplex which makes credit card purchases of a base cryptocurrency easy to do. In order to do this, navigate to the ‘Funds’ tab as we did just before and from the drop-down, select the option that says ‘Buy with Credit Card’. This will lead us to a new page where we can enter in our credit card information and make a purchase for a base cryptocurrency. In our case, Bitcoin is the most common and liquid pair available to purchase Quantum, so we’ll indicate Bitcoin. Then, simply enter in how much worth you’d like to purchase, and after processing takes place, you’ll then have valid funds to use on the exchange.
You can also find Binance’s inclusive credit card purchasing tutorial and guide for depositing fiat funds directly using a card which can be found here.
Note: (You CANNOT send all types of cryptocurrencies to the same cryptocurrency addresses. What this means is that if you’re looking to deposit Bitcoin, you cannot send Bitcoin to an Ethereum address. In this case, you will lose your funds forever and cannot get them back).
The final step is making a purchase of Quantum (QTUM).
Place An Order and Purchase Quantum
Our final step in purchasing Quantum on Binance is to finally place a buy order on the markets for Quantum. To do this, we’ll first need to head back to the homepage of Binance. From here, on the left-hand side of the page, you should see the ‘Exchange’ tab. Hover over this, and from the drop-down, select the ‘Basic’ option. This will bring up the tools we need in order to make a purchase for Quantum.
Selecting this bring up a list of different assets, markets, and charts; don’t get overwhelmed by this. On the right side of the exchange, you should see a small tab with a magnifying glass with an input field. Above this, select the ‘BTC’ option. This will bring up the Bitcoin markets. Relative to whatever cryptocurrency you deposited in the previous step, find the pairing to Bitcoin here (For example, if you deposited Litecoin, find ‘LTC/BTC’ – the goal here is to convert whatever you deposited to Bitcoin). Once converted, go back to the search tab and type in QTUM – this is Quantum’s market symbol.
Doing this will bring up the following results:
Click on this, and as a result, the chart for QTUM relative to Bitcoin will appear in the chart to our left. Don’t be overwhelmed by the changing tickers and results, as this is all just market activity. Underneath the chart, find the square that says ‘Buy QTUM’ –> In this square, click ‘Market Order’ from the tabs available. This order type is just a framework that will execute our order at the next possible price available.
As a result, you should see that the ‘Amount’ tab is empty; this is where we’re going to enter how much Quantum we want to purchase. Binance also enables a percentage convert as indicated in the image below, which will automatically convert your holdings relative to a percentage of how much QTUM you can purchase. Specify how much you’d like to purchase, and then hit the ‘Buy QTUM’ button directly below it.
Upon execution, your order will process and then your account balance will be updated to reflect your purchase. Once completed, you’ve successfully purchased Quantum on Binance!
Very few exchanges have maintained as high a level of security, regulatory-abidance, and reliability as Coinbase has; the San Francisco exchange is one of the most prominent exchanges in the cryptocurrency and blockchain community, however, unfortunately, at the moment Coinbase does not support the purchase or sale of Quantum. Coinbase can be used as an intermediary to purchase Quantum, however, in that, you can purchase Bitcoin or Ethereum on Coinbase, and then send the Bitcoin or Ethereum to an exchange that supports a verified Quantum (QTUM) listing such as Binance. Once deposited, you can then use that Bitcoin or Ethereum to buy Quantum.
Direct purchase of Quantum on Coinbase is not currently supported, however, this can definitely change within the near future. Coinbase announced and added support for Ripple (XRP) in just a few week’s notice; additionally, Coinbase has actively been researching and adding new assets to their exchange, so Coinbase listing Quantum for purchase and sale is definitely not entirely out of the question.
Plus500 is a regulated and registered financial services firm that provides a plethora of different financial products, including cryptocurrencies, equities and indices, commodities and more. Plus500 enables the trading of cryptocurrencies via what are called ‘CFDs’, or contracts for difference; these are legacy financial products that have now been normalized in cryptocurrency trading and investing that essentially exposes the buyer of a contract to the price of a cryptocurrency without ever actually having to buy the underlying asset. This helps people who are wary about purchasing cryptocurrencies but still want to gain exposure to their price movements, or speculate on movements. Quantum, however, is not supported on Plus500 at the moment. A Quantum (QTUM) listing is definitely possible on Plus500; the CFD trading giant has been actively adding new cryptocurrencies to their list of supported traded assets, so definitely keep an eye out for changes in the near future.
Buying Quantum in Your Country
Quantum is currently legally purchasable in the UK – while there is no official individual classification or ruling over QTUM at this time, it is grouped together within cryptocurrencies, which the UK has deemed is taxable, legal tender. This doesn’t mean that the regulatory landscape can never change, in fact, legislation in regards to cryptocurrency and blockchain are consistently evolving.
You can easily purchase Quantum (QTUM) in the UK by signing up for a Binance account and using your credit card to purchase a base cryptocurrency such as Bitcoin. You can then use the purchased Bitcoin to swap it for Quantum all inclusively on the exchange. HitBTC is another option for those looking to purchase Quantum in the UK.
The US and Canada have established a variety of laws and rules that outline their stance on the changing cryptocurrency and blockchain legal structure; as it stands, Quantum is legal tender, and is taxable as property. If you’re in the the US or Canada you can buy Quantum (QTUM) by signing up for a Binance account and using a credit card to purchase a base crypto paired to QTUM (Such as Bitcoin). Then, you can exchange the newly purchased Bitcoin for Quantum.
The US and Canada have some of the most tightly knit cryptocurrency and blockchain laws that are constantly changing, so it’s important to stay up to date with these.
Quantum (QTUM) is currently legal in Australia, and you shouldn’t have any problems (Legally) with establishing a Quantum purchase. Australian residents will find that Binance is most likely the best option as far as an exchange to purchase Quantum. This can be done easily via credit card or by depositing a supported cryptocurrency to Binance and then swapping it for Quantum (QTUM).
Australian securities and financial laws are evolving, and it’s possible that cryptocurrency-related laws can change as well. Try to stay up to date on these changes and keep tabs to ensure you’re always on the right side.
Differences Between Buying and Trading Quantum
- When buying Quantum, you physically own the underlying asset; you are free to use it as you wish, and you’re able to withdraw it, send it, or leave it. You’re not obliged to do anything with it.
- Buying Quantum traditionally means you are looking for a more fundamental use of the cryptocurrency; whether this means for development purposes or long-term investment, purchases are usually correlated with deeper usability.
- When a user buys Quantum, they are free to send and receieve it wherever they choose. This is namely in the case of using it for purchases or for transactions.
- As a developer, in order to use Quantum’s smart contract system and instantiate contracts in the Quantum ecosystem, you have to actually buy QTUM.
- If you’re trading Quantum (QTUM), you are not traditionally owning the asset in its entirety, rather only buying and selling for a price increase or decrease.
- If trading Quantum using any form of a financial product such as a CFD, you do not own the underlying asset, rather a contract that will increase or decrease in value relative to the price of QTUM.
- Trading Quantum means there is no purpose of utilizing it for transactionary or development purposes.
- When trading Quantum, or any cryptocurrency for that matter, you can choose to enact margin, which is borrowed money from the broker. In this case, you will accumulate fees per day, and you never actually own the full Quantum position you’re trading.
Alternative Methods to Buy Quantum (QTUM)
The fastest and currently the easiest way to purchase Quantum using a credit card is through Binance. On Binance, you can link your credit card and then use your credit card to buy a base cryptocurrency that is paired to Quantum in the Binance markets. For example, you can use your credit card to purchase Bitcoin which you can then exchange for Quantum on the platform.
To do this, you’ll first need to create an account with Binance (Which is free, fast and doesn’t require verification). Then, head to the ‘Funds’ section of the exchange; on the drop-down menu when hovering over the ‘Funds’ tab, select the ‘Buy with Credit Card’ option. Select Bitcoin from the new search bar that appears and then indicate how much worth of Bitcoin you want to purchase. Confirm the transaction and wait for the processing to take place.
With your newly purchased Bitcoin, navigate to the exchange section of Binance; then from here, find the ‘BTC’ markets and search for ‘QTUM’ – which is Quantum’s ticker symbol. Click on this, and below the new chart that appears, click on the box labeled “Buy”, and in this input field specify how much worth of QTUM you’d like to purchase. Once you’re content on the amount, press the ‘Buy QTUM’ button in green. Upon execution, you’ll have successfully purchased Quantum using a credit card.
The process of buying Quantum (QTUM) using PayPal can most easily and safely be done by buying Bitcoin or a base cryptocurrency from a verified exchange and then using the Bitcoin to exchange/swap for Quantum. You can follow our in-depth guide on buying Bitcoin using PayPal here which goes over the fastest and safest ways of buying Bitcoin using PayPal; once the Bitcoin has been purchased, you can then use the Bitcoin to buy Quantum (QTUM).
At the moment, there is no globally acknowledged method for purchasing Quantum directly with PayPal. As a result, the base method for buying Quantum using PayPal is instead using PayPal to buy Bitcoin, sending the Bitcoin to an exchange that supports Quantum trading relative to Bitcoin (QTUM/BTC), and then swapping the Bitcoin on the exchange for Quantum.
You can buy Quantum with Bitcoin through a variety of exchanges and platforms. There are two main methods for buying Quantum using Bitcoin; you can either 1.) Buy Bitcoin on an exchange such as Binance that supports Quantum to Bitcoin trading and then buy Quantum using the newly purchased Bitcoin, or 2.) Deposit pre-purchased Bitcoin from an exchange such as Coinbase to an exchange that supports Bitcoin to Quantum trading (Like Binance). Once this is deposited, purchase Quantum relative to the exchange price of Bitcoin.
The basis here is that you can exchange Bitcoin for Quantum on any Quantum/Bitcoin listed exchange. The most common option for this is Binance.
Buying Quantum might be confusing for beginners, especially if it’s your first time buying cryptocurrency, however, following this guide step-by-step will help ensure you take the right precautions in order to successfully own your first batch of Quantum (QTUM). Additionally, you can follow our other respective guides and contact our support team for any assistance you might need.
Buying Quantum can prove to be an invaluable skill, as is the case with other respective cryptocurrencies. Blockchain technology seems to continuously improve, and cryptocurrencies and companies such as Quantum are taking an initiative to ensure they are at the forefront of this technological revolution.
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Quantum and Bitcoin are not the same entity or singular currency. They are 2 separate cryptocurrencies and run on two separate blockchains. This means that while Quantum and Bitcoin are both categorized as cryptocurrencies that run on blockchains, they are 2 completely different cryptocurrencies that run on two separate blockchains. Bitcoin was created with a main niche target for the ability to transfer value across the internet to anyone in the globe. Quantum was instead established with a different goal of blending the application and enterprise platform that the cryptocurrency ‘Ethereum’ proposed with the value-transfer proposition that Bitcoin was able to demonstrate.
Bitcoin maintains a level of decentralization that is also wider than Quantum. Quantum’s framework maintains more centralization in its infrastructure than Bitcoin. Quantum, through this sacrifice of decentralization, is able to attain faster speeds than Bitcoin, however. The process for buying Bitcoin is different from that of buying Quantum. Bitcoin is much more globally recognized at this time, so therefore, buying Bitcoin can in someways be easier/faster than buying Quantum.
The easiest and fastest way, especially for beginners, to purchase Quantum, is through Binance. On Binance, you can easily register for an account and don’t need any verification to get started. On Binance, all you’ll need to do is deposit funds to the exchange, either through direct cryptocurrency deposit or by buying a base cryptocurrency on Binance with a credit card and then using that base currency to buy Quantum.
The easiest way is essentially if you already have pre-purchased cryptocurrency like Bitcoin, because in this case you can just deposit it to Binance and then exchange it for Quantum.
Binance and HitBTC are the two main exchanges for retail investors and traders that are used to buy Quantum. They are both very intuitive, have an easy registration process, and have guidelines for who can register, who can use certain deposit methods, and so on.